Today more and more investors are warming to the fact that psychology moves markets and therefore fundamental analysis, which fails to properly measure mass investor psychology, must be flawed.
Who can blame them? After all, fundamental analysis — based on past company earnings, rating agency projections and the like — proved to be of little value during the bust.
There is a better way.
Many investors who monitor investor sentiment readings, study Elliott wave patterns and employ other powerful technical indicators were — at very least — able to position themselves to survive the recent decline. Still others were able to turn crisis into opportunity and profit from the volatility.
How’d they do it?
Technical analysis.
You see, technical indicators remove the cloudy, bias-driven assumptions from your analysis and focus on the one thing that moves markets: investor psychology.
Past performance is not indicative of future results — and that’s where fundamental analysis goes wrong. It fails to factor in the psychology that not only moves markets up and down but also leads analysts to extrapolate the current or past trend into the future. That’s why fundamental analysts almost always miss major tops and bottoms.
EWI’s brand-new 50-page eBook, The Ultimate Technical Analysis Handbook, will show you the various methods of technical analysis they use every day and teach you how to use these powerful tools for yourself.
Much of the material is based on Elliott Wave, but there are some nuggets on trendlines and channels that are very similar to what I use from time to time. It’s worth a look.
Learn more about this free eBook, and download your copy here.
Greg Fisher
www.median-line-study.com
The Median Line Study charts site has officially been converted to a subscription site. I appreciate all the input I have received to make the site a valuable learning experience for anyone interesting in the truly fascinating method of technical analysis – the Median Line method.
What’s new?
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I added an archive of the last chart updates and reports for easy comparison and progression to this weeks charts and reports.
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This weeks report is available for immediate download in the subscription area as well.
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The charts are the same markets and detailed analysis as the past several weeks.
For subscription details please visit: http://medianlinestudy.com/subscribe.html
This weeks futures report focuses on oil and builds upon the last reports. This weeks currencies report focuses on the USD/JPY and a detailed progression of a trade set-up and execution.
IMPORTANT!!!
I am also cleaning up my e-mail lists. If you choose to subscribe you will be added to the appropriate list of currencies, futures, or both and be updated whenever I update the charts.
If you choose to continue receiving free chart updates, you will need to visit the Free Charts page and fill in the update form with your name and e-mail.
Have a great week!
Keep drawing the lines,
Greg Fisher
I wanted to follow up after last weeks special update on oil and what clues were there prior to the recent move up.
Click the link to open the PDF file – be sure to zoom in to see the charts more clearly:
http://www.medianlinestudy.com/charts/futures_special_report_09-09-09.pdf
I also found an interesting follow up to the USD/JPY chart posted last weekend to answer the question, “Will price find resistance at the upper sliding parallel once again?”
Click the link to open the PDF file – be sure to zoom in to see the charts more clearly:
http://www.medianlinestudy.com/charts/currencies_special_report_09-09-09.pdf
These are the type of special updates I plan on passing along during the week as part of the chart subscription service I will be launching this weekend. Enjoy the rest of the week!
Keep drawing the lines,
Greg Fisher
Well, the best laid plans….
This weekend didn’t go as planned. My wife got the flu and I spent most of the time entertaining the kids! That being said, I am sending out a free update of the futures charts and the new weekly futures report.
I plan to continue to convert my site to a paid subscription and the tentative plans would be for that to happen next weekend before the next update.
Enjoy the charts!
To view this weeks free futures chart update, please click the link below.
Futures: http://www.medianlinestudy.com/futures.html
For the free preview of the weekly futures report, please visit:
http://www.medianlinestudy.com/charts/ml_futures_09-04-09.pdf
Keep drawing the lines,
Greg Fisher
www.median-line-study.com
First of all, I have busy creating the subscription portion of my site and I know you will find immense value. It is not ready to release just yet, so I wanted to pass along the currencies chart updates.
Also, I will be adding a weekly report feature for the currencies as well as the futures. Below you will find a link to the first weekly report as a sample of what will be available with the monthly subscription. The report is meant to add more commentary to what I see on the charts. I plan to pick a few charts out of what I typically post that had something interesting worth noting during the previous week.
Tomorrow I plan to implement the password protected pages to my site. So, if you hurry you can get a look at this weeks currencies charts for free! If all goes well, I will get the protected pages up and then post the futures charts. If not, I will send out the futures charts and report for free as well. The futures report includes the Dow and e-mini S&P daily and 60 minute charts as well as oil and gold.
Once again the rates for the subscription site will be:
Currencies only: $19.95 per month
Futures only: $19.95 per month
Currencies and futures: $34.95 per month
With the subscription, you will get updated charts and report once a week (usually on the weekends) with special updates from time to time when I see something interesting.
To view this weeks free currencies chart update, please click the link below.
For the free preview of the weekly currencies report, please visit:
Keep drawing the lines,
Greg Fisher